Cairo – Mubasher: Egypt’s foreign debt rose by 9.9% to $106.2 billion at the end of the first quarter of 2019, compared to $96.6 billion at the end of 2018, data released by the Central Bank of Egypt (CBE) showed.
Medium- and long-term external debt registered $93.8 billion at the end of the three-month period ended 31 March, making up 88.3% of the North African nation’s total external debt, the CBE said.
The Egyptian government accounted for $53.8 of the total external debt in Q1-19, compared to $48.1 billion at the end of last year.
The CBE’s debts rose to $28.5 billion at the end of March from $28.3 billion at the end of 2018.
Moreover, banks’ foreign debt increased to $10.1 billion at the end of March, compared to $7.7 billion at the end of last year.
Year-on-year, Egypt’s external debt rose by 20.4% to $ 106.2 billion at the end of Q1-19 from $88.16 billion, the World Bank previously revealed.
